enbridge

The major Canadian and U.S. stock markets, while still subject to volatility, continue to offer attractive returns for investors—especially if you buy the top stocks. All in all, we think that if you can afford to stay in the market for several years or longer, now is a good time for new buying....

Rising interest rates boost the appeal of bonds and so can hurt the share prices of competing high-yield utility stocks like Enbridge. It’s important to note, however, that bond investors must treat interest payments they receive as regular income. As a result, they pay higher taxes on that income compared to dividend income qualifying for the Canadian dividend tax credit....

SUNCOR ENERGY INC., $41.96, Toronto symbol SU, is a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,590 Petro-Canada gas stations.

Suncor is part of a joint venture that is building a facility near Montreal, called Varennes Carbon Recycling, that will convert wood and other waste materials into biofuels and other chemicals....

TORONTO-DOMINION BANK, $83.77, Toronto symbol TD, is a buy.

The lender raised your quarterly dividend with the January 2023 payment by 7.9%. Investors now receive $0.96 a share instead of $0.89. The new annual rate of $3.84 yields a high 4.6%.

In March 2022, TD agreed to acquire U.S....

While rising interest rates have spurred income-seeking investors to buy bonds, we still prefer high-quality utilities like these four. Their regulated businesses cut your risk and give them lots of cash flow for dividends. Canadian investors also benefit from the dividend tax credit.


ENBRIDGE INC....

A: MasTec Inc., $100.90, symbol MTZ on New York (Shares outstanding: 78.2 million; Market cap: $8.0 billion; Manufacturing & Industry sector; TSINetwork Rating: Average; www.mastec.com), is a leading infrastructure construction company operating mainly throughout North America and across a range of industries.

The business’s primary activities include the engineering, installation, maintenance and upgrade of communications, energy, utility and other infrastructure....

TORONTO-DOMINION BANK, $89.05, Toronto symbol TD, is a buy.

In March 2022, TD agreed to acquire U.S. banking firm First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S. The purchase will make TD’s banking operations the sixth largest in the U.S.

TD and First Horizon have agreed to extend the closing date to May 27, 2023....

We often remind investors that a high dividend yield can be a sign that the current payment is not sustainable. Some feel Enbridge, which now yields a high 7.0%, will have to cut its dividend as rising interest rates make it more expensive to fund new growth projects.


However, Enbridge has a durable business model, as its rate-regulated operations give it plenty of steady cash flow for new investments and dividends....

TSX blue chip stocks are well-established companies with attractive business prospects and trading on the Toronto Stock Exchange.

Over the last few years, more and more ETF managers have launched funds focused on taking environmental, social, and governance (ESG) factors into account.


Sustainable investing offers some investors a lot of conceptual and emotional appeal. But does investing in these kind of stocks hurt your portfolio returns? Yes and no.


One way investing in sustainable ETFs can hurt performance is the ethical criteria used could keep investors out of promising stocks with the power to boost your long-term portfolio returns....